Streamlined Modification Program Posted on : 12/23/2008 WASHINGTON, DC -- Fannie Mae (FNM/NYSE), today said that the Streamlined Modification Program (SMP) announced by the Federal Housing Finance Agency (FHFA) in November is now available to Fannie Mae servicers and borrowers as an option to help prevent foreclosures.
Housing permits, starts hit record lows Posted on : 12/23/2008 NEW YORK (CNNMoney.com) -- Housing permits and starts fell to record lows in November, the government said Tuesday, in the latest sign that the housing market is continuing its decline.